Oil and gas: page 16

Moskow. Chief Executive Officer of the Russian natural gas producer Novatek is ranked 32th in the Forbes World’s Billionaires List and at the same is the first in the list of the richest Russians. The rating was posted on the Forbes website on Tuesday.
According to Forbes, the net ...

Washington. Oil slipped after an industry report showed a bigger-than-expected build in U. S. crude stockpiles.
Futures fell from the settlement after the American Petroleum Institute was said to report that U. S. crude inventories rose by 7. 29 million barrels last week. If confirmed by ...

Moscow. PAO NOVATEK (“NOVATEK” and/or the “Company”) and TOTAL S. A. signed a Sales and Purchase Agreement (“Agreement”) in relation to the sale of a 10% participation interest in the Arctic LNG 2 project (the “Project”), within the binding ...

Baku. Azerbaijan’s fields such as Shafag-Asiman and Umid-Babek can be used to expand the Southern Gas Corridor (SGC), BP Azerbaijan Vice President Bakhtiyar Aslanbayli told Trend.
He said that the SGC can be expanded in two directions.
"The first direction includes ...

Sofia. Gazprom does not plan to participate in the Balkan Gas Hub project, Chief Executive Officer of the Russian gas holding Alexei Miller told reporters on Monday.
"Gazprom does not take part in this project. All our gas resources in this region are contracted on a long-term basis, ...

Pekin. China announced it will form a national oil and pipeline company, the first public acknowledgment of the massive energy industry overhaul planned since at least 2014.
The creation of the pipeline company was mentioned in the National Development & Reform Commission’s work ...

Almetevsk. The enterprises of TATNEFT Croup of Companies produced 2, 281 thousand tonnes of crude oil in January 2019 (103. 4 percent versus February 2018), while the production volume for two months amounted to 4, 821 (103. 6% versus 2018), including PJSC TATNEFT production in February ...

Simferopol. A fire on the tanker Maestro in the Black Sea has stopped after about 1. 5 months, the press service of the Federal Agency for Maritime and River Transport told TASS on Monday.
The Turkish tankers Maestro and Candy started to burn in the Kerch Strait area beyond ...

Jerusalem. Israel is sweetening the terms of its new gas exploration tender in order to entice major energy firms to put aside concerns about geopolitical and regulatory issues, and finally drill off the nation’s Mediterranean coast.
Up for grabs are five offshore drilling sites, ...

Juba. South Sudan called on China National Petroleum Corp. to expand crude production by exploring more fields, while promising to protect the company’s interests in the African country.
Oil Minister Ezekiel Lol Gatkuoth, on a visit to Beijing, urged CNPC “to bring new ...

Pekin. Although China will continue to raise its liquefied natural gas imports this year, the 2019 rise in the world’s key LNG demand growth market may not be enough to absorb all the new supply coming on stream over the next months.
According to analysts at this week’s LNGgc ...

Singapore. Oil prices rose on Monday as supply tightened amid output cuts by producer club OPEC and as the United States and China were reported to be close to signing a trade deal that would end a tariff row that has slowed global economic growth.
International Brent futures were at $65. 46 ...

Moskow. Europe will pay half as much for liquefied natural gas (LNG) from Russia than what US energy companies offer, according to independent Russian gas producer NOVATEK.
Washington has been pushing its own LNG on the European market, while criticizing Russian projects, including the ...

Baku. Azerbaijan’s state oil company SOCAR is preparing for the implementation of Mayak project at Oil Rocks, Public Relations Head at SOCAR Ibrahim Ahmadov told Trend.
Mayak project is aimed at increasing productivity in the oil and gas production sphere.
"Currently, we ...

Stavropol. The Arbitration Court of the Stavropol Region rules to enforce the award of the international commercial arbitration under the claim filed by the Russian oil producer Tatneft on recovery of $144 mln from Ukraine in the Russian company’s assets loss case, TASS reports from the ...

Moskow. The US sanctions against Venezuelan state oil company PDVSA will become the main blow to the world's oil refining in the short term, yet it is the US refineries that will bear the brunt in the first place, a monthly outlook by the Skolkovo Energy Center said.
According to ...